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, stagflation. in 1980, a very, very different president got elected. ronald reagan like barack obama inherited a struggling economy. and reagan implemented policies 180 degrees opposite those of obama. instead of jacking up taxes, he slashed taxes. instead of exploding spending and the debt, he restrained the growth of spending and instead of unleashing the hounds of regulators, by the way, when i think of regulators, i can't help thinking of mr. burns saying "release the hounds!" [laughter] >> instead of releasing the hounds of regulators on small businesses and entrepreneurs, reagan limited regulation and the result was one of the most extraordinary bursts of economic productivity our nation has ever seen. the fourth year of reagan's presidency was 1984, the same as the fourth year of obama's presidency. anyone know what g.d.p. growth was in 1984, 7.2%. our ideas work. their ideas don't. if you want growth, if you want jobs. if you want the 23 million people struggling to find work to get jobs, the answer is simple. you need growth and to get growth, you got to reduce and simplify the tax bu
's policy with ronald reagan. what advice would you give the president. guest: i would say three things. mr. president you won, be strong and mr. president go for broke. deal from strength. you're never going to have to run for reelection so go to the wall on every issue you believe in. host: including entitlement and social security. guest: i don't know what you mean by entitlement reform if you mean fixing them that's what president obama believes, yes, yes yes. and i would say there were some issues in the first term where i was disappointed. let's take climate change president obama didn't go up to congress and fight for a strong bill. now the white house will tell you we didn't do it because we didn't have the votes. to me that's giving up before you fight the fight. i think on climate change and immigration reform and entitlement reform on this fiscal cliff on the tax break for 98% of meshes, on a balanced approach to fixing our fiscal crisis the president has to go up there and fight every fight. have steel in his backbone this time and i think he'll have a legendary second four year
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